Historical Evolution of Barclays Bank:
As one of the leading Kenyan banks, Barclays Bank started its operations in 1916. At present, it is considered as one of the largest commercial units in the country, boasting of a balance sheet of 1 billion US $, which is 10% of the national GDP. In fact, it leads the retain market segment in Kenya as pioneer of the unsecured retail lending concept. With as many as 69 local outlets and 82 ATMs at present, the popularity of the Barclays Bank can be assessed in terms of a total of 34,000 shareholders.
Functions:
Barclays Bank in Kenya renders efficient customer services in the following sectors:
Corporate Banking
Retail Banking
SME Banking
Services related to securities and custody
Corporate Banking:
The primary aim of the corporate services of Barclays Bank is to maintain cordial and healthy relationship between varied customers. Moreover, the knowledgeable team of corporate relationship managers helps the customers to have better and comprehensive understanding of the banking business and its environment.
Retail Banking:
Account services in Barclays:
Different types of bank account services offer safe and convenient management to manage individual money. Some of them are mentioned below:
- High Interest Bonus Savings Account – saves money for brighter future
- Fixed Term Deposit Account – facilitates growth of money
- Instant Savings Account - for future savings
- High Rate Savings Account – savings made for bright future
- Current Account
- Home loans – foe obtaining private, ownership accommodations
- Foreign Currency Accounts – availability of banking services in all currencies
- Premier Banking
- Prestige Banking
SME Banking:
Barclays SME banking services aim in offering original products and personal back-ups to people who are to start off with ownership businesses. In fact, the activities of the ‘business solutions’ desk of the bank is regularly updated to keep pace with the changing requirements of varies customers. This information desk operations cover areas like:
- Loan Account
- Current Account
- Savings Account
- Business Club
Services related to securities and custody:
Barclays Bank leads the Kenyan market in offering professional securities and custody services to the African organizational investors. The comprehensive range of custody services provided in 14 markets in Africa includes:
- Collection of incomes
- Actions related to the corporate sector
- Proxy voting
- Arrangement for stock exchange trades
- Protection or “custody” of certificates and related documents
- Registration
- Banking services like handling foreign exchange
- Reporting
- Rendering trustee services for Collective Investment Schemes
